Gazprom buys KyrgyzGaz for US$1. -Gazprom will be responsible for KyrgyzGas’ debt of US$40 million

BISHKEK, Kyrgzstan - An agreement to buy 100 percent shares of Kyrgyz national gas operator KyrgyzGas by the Russian energy giant Gazprom was signed on Thursday.

The head of KyrgyzGas, Turgunbek Kulmurzayev and Gazprom CEO, Alexei Miller signed the document in Kyrgyz capital Bishkek. Gazprom purchased KyrgyzGas for a symbolic price of one U.S. dollar.

“The symbolic price of one dollar for the sale of KyrgyzGas has been widely criticized,” Kyrgyz President Almazbek Atambaev said after the signing, adding that, “However, Gazprom will be responsible for KyrgyzGas’ debt of US$40 million and will additionally invest US$600 million in the energy sector in Kyrgyzstan.”


The Russian energy giant aims to increase the annual 30 billion cubic meters of natural gas production of Kyrgyzstan, Gazprom CEO Miller said.
[aa.com.tr]
10/4/14
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Related:

• Russia OKs Purchase of Kyrgyz Gas Company for $1

• Russia’s Gazprom Takes Over Gas Monopoly in Kyrgyzstan for $1

• Το μονοπώλιο φυσικού αερίου στο Κιργιστάν αποκτά η Gazprom. -Έναντι 1 δολ.

  

 

Russia OKs Purchase of Kyrgyz Gas Company for $1

MOSCOW, February 4 (RIA Novosti) – Russian President Vladimir Putin signed a law Tuesday to ratify a deal with Kyrgyzstan to buy the former Soviet republic’s debt-ridden natural gas monopoly for $1.
Kyrgyzstan’s parliament approved the deal in December to hand Moscow control over the strategic asset in exchange for a guaranteed supply of natural gas.
Under the agreement, Russian energy giant Gazprom will gain control over pipelines, gas distribution stations and underground storage facilities owned by Kyrgyzgaz.
Kyrgyzstan will also have a right to buy back Kyrgyzgaz assets in 25 years.

• Gazprom has committed to invest 20 billion rubles ($610 million) in modernizing the Kyrgyz company’s infrastructure over the next five years.

Deputy Russian Energy Minister Anatoly Yanovsky said last month that Russian investment could reach 30 billion rubles ($847 million).
Gazprom will also take over more than $40 million in debt. Kyrgyzstan has suffered increasing difficulties in maintaining gas supplies because of rising debts to neighboring Kazakhstan and Uzbekistan.
Kyrgyzstan has been racked by political upheavals in the past decade and two presidents have been overthrown by popular revolts in the impoverished republic.

• The strategically important nation, which borders China, hosts both a Russian and an US military base. The Kyrgyz parliament told the US military to vacate its air base by July.

• Russia recently agreed a 15-year extension to the lease on its military base as part of a package of measures that included writing off $500 million of Kyrgyz debt.

 http://en.ria.ru/russia/20140204/187198494/Russia-OKs-Purchase-of-Kyrgyz-Gas-Company-for-1.html
4/2/14
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Related:
 

• Russia’s Gazprom Takes Over Gas Monopoly in Kyrgyzstan for $1

• Το μονοπώλιο φυσικού αερίου στο Κιργιστάν αποκτά η Gazprom. -Έναντι 1 δολ.

Το μονοπώλιο φυσικού αερίου στο Κιργιστάν αποκτά η Gazprom. -Έναντι 1 δολ.

Τον πλήρη έλεγχο των αγωγών, του δικτύου διανομής και των υπόγειων αποθηκευτικών εγκαταστάσεων φυσικού αερίου του Κιργιστάν απέκτησε η Gazprom, έναντι 1 δολ.
Σύμφωνα με τα όσα αναφέρει το Ria Novosti, η απόφαση -που υποστηρίζεται από 78 βουλευτές του Κοινοβουλίου σε σύνολο 120 εδρών- δίνει στη Μόσχα τον πλήρη έλεγχο του τομέα φυσικού αερίου του Κιργιστάν σε αντάλλαγμα την εγγυημένη προμήθεια καυσίμων και την αναβάθμιση του δικτύου του.

Συγκεκριμένα, η Gazprom έχει δεσμευτεί να επενδύσει 20 δισ. ρούβλια (610 εκατ. δολ.) σε ορίζοντα 5ετίας για τον εκσυγχρονισμό των υποδομών φυσικού αερίου της χώρας, ενώ θα αναλάβει και το χρέος 40 εκατ. δολ. της κρατικής Kyrgyzgaz.

Σύμφωνα με το ρωσικό κολλοσό, η εταιρεία θα αναλάβει τον πλήρη έλεγχο του φυσικού αερίου του Κιργιστάν, υπό την προϋπόθεση όμως να μεταφέρει καύσιμα χρησιμοποιώντας τους αγωγούς της Kyrgyzgaz.

Τέλος, η κυβέρνηση της χώρας θα έχει δικαίωμα να εξαγοράσει τα περιουσιακά στοιχεία της Kyrgyzgaz σε ορίζοντας 25ετίας.
 energypress.gr
11/12/13
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• Russia’s Gazprom Takes Over Gas Monopoly in Kyrgyzstan for $1

BISHKEK, December 11 (RIA Novosti) – The former Soviet republic of Kyrgyzstan has approved a deal to sell the country’s debt-ridden natural gas monopoly to Russia’s state energy company Gazprom for $1.
The decision, backed by 78 deputies in the 120-seat parliament, hands Moscow control over a strategic asset in the Central Asian state in exchange for a guaranteed supply of fuel.
Under the agreement, Gazprom will gain control over pipelines, gas distribution stations and underground storage facilities owned by Kyrgyzgaz.
Gazprom has committed to invest 20 billion rubles ($610 million) in modernizing the Kyrgyz company’s infrastructure over the next five years.
It will also take over more than $40 million in debt. Kyrgzystan has suffered increasing difficulties in maintaining gas supplies because of rising debts to neighboring Kazakhstan and Uzbekistan  
The deal gives Gazprom full control over Kyrgyzstan’s gas sector. But a proviso in the agreement means that the Russian company can only transport its fuel using pipelines belonging to Kyrgyzgaz.
The Kyrgyz government will be permitted to engage independently in gas transportation or support investors in that field at a later date. It will also have a right to buy back the Kyrgyzgaz assets in 25 years.
Kyrgyzstan has been racked by political upheavals in the past decade and two presidents have been overthrown by popular revolts in the impoverished republic.
The strategically important nation, which borders China, hosts both a Russian and an US military base.  The Kyrgyz parliament last month told the US military to vacate its air base by next July.
Russia recently agreed a 15-year extension to the lease on its military base as part of a package of measures that included writing off $500 million of Kyrgyz debt.
 http://en.ria.ru/business/20131211/185461731/Russias-Gazprom-Takes-Over-Gas-Monopoly-in-Kyrgyzstan-for-1.html
11/12/13
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